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California Car Wash Portfolio - 3 Sites 3 Specialty Properties Offered at $9,199,845 CAD in Multiple Locations
Investment Highlights
- 11.0% Cap Rate on $744,702 Adjusted NOI
- $2M+ Annual Revenue Across Portfolio
- $827K+ Recently Invested in Capital Improvements
- 3 Locations — Antioch & Galt, CA
- Significant Galt Upside — Underperforming Express Tunnel in Booming Market
- Two Fee Simple Properties + 33-Year Ground Lease
Executive Summary
Lee & Associates is pleased to exclusively offer for sale a three-location car wash portfolio in Antioch and Galt, California. The portfolio generates $744,702 in adjusted net operating income on a 2025 full-year basis, delivering an 11.0% cap rate at the $6,750,000 asking price.
PORTFOLIO HIGHLIGHTS:
• Combined Revenue: $2,083,163 (2025 Actuals)
• Adjusted NOI: $744,702
• Cap Rate: 11.0% | GRM: 3.24x
• 12,153 SF across 1.44 acres
• Two fee simple properties + one ground lease
• Over $827K in recent capital improvements at Antioch locations
PROPERTY 1 — Delta Fair Blvd, Antioch (Ground Lease)
Full-service and express car wash on 0.55 acres. Ground lease with 33 years remaining through 2058. New conveyor system and express kiosks drove a 57% NOI improvement year-over-year. Adjusted NOI: $346,048.
PROPERTY 2 — E 18th St, Antioch (Fee Simple)
Full-service and express car wash on 0.18 acres. Real estate and business included. Purchased for $2,000,000 in 2020. Over $260K invested in equipment modernization in 2025. Adjusted NOI: $171,230.
PROPERTY 3 — Fairway Dr, Galt (Fee Simple)
Express tunnel/conveyor car wash with towel-dry service on 0.71 acres. Real estate and business included. Purchased for $1,400,000 in 2022. The business has been under-managed and represents significant upside — revenue of $484K is well below the $750K-$1.2M range for comparable California express tunnels. Galt is one of Sacramento County's fastest-growing cities with 7+ active new-home communities from K. Hovnanian, Meritage, Lennar, and others. A 350-acre, 2,000+ home master-planned development is in planning stages. Adjusted NOI: $227,423.
FINANCING: A blended SBA 504/7(a) structure yields a 31.2% cash-on-cash return with only 10% down. The two fee simple properties provide strong collateral support for favorable lending terms.
This is a rare opportunity to acquire a diversified California car wash platform with proven cash flow, recent capital investment, and substantial growth potential. Contact the listing brokers for the full Offering Memorandum.
PORTFOLIO HIGHLIGHTS:
• Combined Revenue: $2,083,163 (2025 Actuals)
• Adjusted NOI: $744,702
• Cap Rate: 11.0% | GRM: 3.24x
• 12,153 SF across 1.44 acres
• Two fee simple properties + one ground lease
• Over $827K in recent capital improvements at Antioch locations
PROPERTY 1 — Delta Fair Blvd, Antioch (Ground Lease)
Full-service and express car wash on 0.55 acres. Ground lease with 33 years remaining through 2058. New conveyor system and express kiosks drove a 57% NOI improvement year-over-year. Adjusted NOI: $346,048.
PROPERTY 2 — E 18th St, Antioch (Fee Simple)
Full-service and express car wash on 0.18 acres. Real estate and business included. Purchased for $2,000,000 in 2020. Over $260K invested in equipment modernization in 2025. Adjusted NOI: $171,230.
PROPERTY 3 — Fairway Dr, Galt (Fee Simple)
Express tunnel/conveyor car wash with towel-dry service on 0.71 acres. Real estate and business included. Purchased for $1,400,000 in 2022. The business has been under-managed and represents significant upside — revenue of $484K is well below the $750K-$1.2M range for comparable California express tunnels. Galt is one of Sacramento County's fastest-growing cities with 7+ active new-home communities from K. Hovnanian, Meritage, Lennar, and others. A 350-acre, 2,000+ home master-planned development is in planning stages. Adjusted NOI: $227,423.
FINANCING: A blended SBA 504/7(a) structure yields a 31.2% cash-on-cash return with only 10% down. The two fee simple properties provide strong collateral support for favorable lending terms.
This is a rare opportunity to acquire a diversified California car wash platform with proven cash flow, recent capital investment, and substantial growth potential. Contact the listing brokers for the full Offering Memorandum.
Property Facts
| Price | $9,199,845 CAD | Number of Properties | 3 |
| Price / SF | $709.86 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 11.03% | Total Building Size | 12,960 SF |
| Sale Type | Investment | Total Land Area | 1.45 AC |
| Status | Active |
| Price | $9,199,845 CAD |
| Price / SF | $709.86 CAD / SF |
| Cap Rate | 11.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,960 SF |
| Total Land Area | 1.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3103 Delta Fair Blvd, Antioch, CA 94509 | Specialty | 5,890 SF | 2001 | - |
| 300 E 18th St, Antioch, CA 94509 | Specialty | 3,310 SF | 1989 | - |
| 604 Fairway Dr, Galt, CA 95632 | Specialty | 3,760 SF | 2000 | - |
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California Car Wash Portfolio - 3 Sites
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